Northrop Grumman Federal Credit Union

Northrop Grumman Federal Credit Union Locations

Box Number 47009
Gardena, CA 90247
800-633-2848
www.norgrumfcu.org

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Northrop Grumman Federal Credit Union is headquartered in Gardena and is the 37^th largest credit union in the state of California. It is also the 213^st largest credit union in the nation. It was established in 1946 and as of September of 2011, it had grown to 126 employees and 49,835 members. Northrop Grumman Federal Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Top 2-Year CD Rate at Northrop Grumman Federal Credit Union - Easy Membership - 7/12/2011

It has been a while since I last reported on Northrop Grumman Federal Credit Union . They used to regularly offer competitive CD and IRA CD rates, but that changed a couple of years ago. Consequently, ...

Top CD Rates (with Some Limitations) at Northrop Grumman FCU - Easy Membership - 2/26/2010

Northrop Grumman Federal Credit Union is offering special 9-month, 18-month, 30-month and 60-month CDs and IRA CDs. Unfortunately, these are not available to all members (see below). The best rates r ...

4.12% 15-Month CD for Current Members of Northrop Grumman FCU - 2/25/2009

Northrop Grumman Federal Credit Union is offering a special 4.12% APY 15-month CD and a 2.98% APY 9-month CD. The minimum deposit is $40,000. The rates are 25 basis points lower for a $2,500 minimum deposit. The same rates are available for IRA...

3.96% 12-Month CD at Northrop Grumman FCU - Easy Membership - 1/13/2009

Update 1/27/09: The CD rates have fallen, but they remain very competitive. Refer to the credit union's rate table for the latest rates.Northrop Grumman Federal Credit Union is offering two competitive short-term certificates: 3.42% APY for 6 months and...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Northrop Grumman Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$500	-	Regular Checking

Northrop Grumman Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	IRA Accumulation
0.25%	$100	-	Regular Savings
0.25%	$100	-	Holiday Club
0.25%	-	-	Youth Account
0.25%	$100	-	Roth IRA Accumulation
0.25%	$100	-	CESA Accumulation

Northrop Grumman Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$2,500	-	Money Market IRA
0.50%	$2,500	-	Money Market
0.50%	$2,500	-	Money Market Roth IRA
0.50%	$2,500	-	Money Market CESA

Northrop Grumman Federal Credit Union CD Rates

Apy	Min	Max	Product
2.01%	$40k	-	60 Month Bonus Term CD
1.86%	$2,500	-	60 Month Term CD
1.63%	$40k	-	48 Month Bonus Term CD
1.48%	$2,500	-	48 Month Term CD
1.37%	$40k	-	36 Month Bonus Term CD
1.24%	$40k	-	30 Month Bonus Term CD
1.22%	$2,500	-	36 Month Term CD
1.10%	$40k	-	24 Month Bonus Term CD
1.09%	$2,500	-	30 Month Term CD
0.94%	$2,500	-	24 Month Term CD
0.78%	$40k	-	12 Month Bonus Term CD
0.69%	$40k	-	6 Month Bonus Term CD
0.63%	$2,500	-	12 Month Term CD
0.54%	$2,500	-	6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.01%	$40k	-	5 Year Bonus Term IRA
2.01%	$40k	-	5 Year Bonus Term Roth IRA
2.01%	$40k	-	5 Year Bonus Term CESA
1.86%	$2k	-	5 YearTerm IRA
1.86%	$2k	-	5 Year Term Roth IRA
1.86%	$2k	-	5 Year Term CESA
1.63%	$40k	-	4 Year Bonus Term IRA
1.63%	$40k	-	4 Year Bonus Term Roth IRA
1.63%	$40k	-	4 Year Bonus Term CESA
1.48%	$2k	-	4 Year Term IRA
1.48%	$2k	-	4 Year Term Roth IRA
1.48%	$2k	-	4 Year Term CESA
1.37%	$40k	-	3 Year Bonus Term IRA
1.37%	$40k	-	3 Year Bonus Term Roth IRA
1.37%	$40k	-	3 Year Bonus Term CESA
1.22%	$2k	-	3 Year Term IRA
1.22%	$2k	-	3 Year Term Roth IRA
1.22%	$2k	-	3 Year Term CESA
1.10%	$40k	-	2 Year Bonus Term IRA
1.10%	$40k	-	2 Year Bonus Term Roth IRA
1.10%	$40k	-	2 Year Bonus Term CESA
0.94%	$2k	-	2 Year Term IRA
0.94%	$2k	-	2 Year Term Roth IRA
0.94%	$2k	-	2 Year Term CESA
0.78%	$40k	-	1 Year Bonus Term IRA
0.78%	$40k	-	1 Year Bonus Term Roth IRA
0.78%	$40k	-	1 Year Bonus Term CESA
0.63%	$2k	-	1 Year Term IRA
0.63%	$2k	-	1 Year Term Roth IRA
0.63%	$2k	-	1 Year Term CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

NORTHROP GRUMMAN
NCUA #	24292
BankRate Report	View
Year Established	1946
Employees	126
Primary Regulator
Assets and Liabilities
Assets	$872.95 million
Loans	$426.16 million
Deposits	$761.64 million
Equity Capital	$97.56 million
Loan Loss Allowance	$3.78 million
Unbacked Noncurrent Loans	$2.22 million
Historic Data - September 2010
Assets	$855.77 million
Equity Capital	$84.61 million
Loan Loss Allowance	$4.47 million
Unbacked Noncurrent Loans	$4.08 million
Real Estate Owned	$347,000
Profit Margin - Quarterly
Net Interest Margin	3.04%
Return on Assets	1.02%
Return on Equity	9.11%
Interest Income	$24.46 million
Non-Interest Income	$3.99 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Northrop Grumman Federal Credit Union had $2.22 million in non-current loans and owned real-estate with $101.34 million in equity and loan loss allowances on hand to cover it. This gives Northrop Grumman Federal Credit Union a Texas Ratio of 2.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Northrop Grumman Federal Credit Union decreased significantly from 4.97% as of September 30, 2010 to 2.19% as of September 30, 2011, resulting in a positive change of 55.83%.This indicates that the balance sheet and financial strength for Northrop Grumman Federal Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Northrop Grumman Federal Credit Union has increased its total deposits by $8.68 million, resulting in 1.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northrop Grumman Federal Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northrop Grumman Federal Credit Union has $872.95 million in assets with $101.34 million in equity, resulting in a capitalization level of 11.61%, which is above average.